Meats Futures Prices

Thu Jul 27, 4:07PM CDT
Lean hog futures ended the day mixed with 2.5 to 25 cent gains in the front months and losses of 12.5 to 37.5 cents in the back months. The CME Lean Hog Index for 7/25 was 60 cents lower than the previous day at $89.84. The USDA pork carcass cutout value was 64 cents lower in the Thursday afternoon report, with a weighted average of $99.94. The loin and belly were slightly higher. The national base hog carcass price was 36 cents higher with a weighted average of $82.11 in the afternoon report. Week to date FI hog slaughter was estimated at 1,743,000 head through Thursday, 5,000 head more than the previous week and 39,000 over the same week in 2016. This morning’s export sales report showed pork export sales of 19,108 MT 62.8% larger wk/wk and 77.9% greater yr/yr. Pork exports for the week of July 20 were reported at 17,947 MT, 0.9 behind last week and 3.4% lower than last year. Aug 17 Hogs closed at $82.250, up $0.250, Oct 17 Hogs closed at $67.675, up $0.025 Dec 17 Hogs closed at $61.800, down $0.125

Thu Jul 27, 4:07PM CDT
Live cattle futures came back to post steady to 90 cent gains on Thursday. Feeder cattle futures were up $1.35 to $1.875. The CME feeder cattle index was down 27 cents from the previous day at $151.30 on July 26. Wholesale beef prices were lower in the afternoon report, with choice boxes down 64 cents at $206.43 and select $1.21 lower at $196.66. Estimated FI cattle slaughter through Thursday was 467,000 head, 5,000 head above last week and 19,000 head larger than same week last year. Few if any cash sales were reported today, with Wednesday trade mostly $117-$118 in the North. Beef export sales were reported at 13,934 MT this morning, a 12.7% improvement over last year but 32.7% behind a year ago. Export shipments for beef came in at 15,476 MT, 4.9% larger than last week and 7.7% above last year. Aug 17 Cattle closed at $114.300, unch, Oct 17 Cattle closed at $113.575, up $0.200, Dec 17 Cattle closed at $114.400, up $0.425, Aug 17 Feeder Cattle closed at $147.825, up $1.350 Sep 17 Feeder Cattle closed at $148.950, up $1.875 Oct 17 Feeder Cattle closed at $148.250, up $1.725